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Legal Principles in Antitrust Enforcement
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2013
challenge for optimal antitrust enforcement. We integrate the mentioned legal principles into an infinitely-repeated oligopoly …
Persistent link: https://www.econbiz.de/10011255939
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Antitrust Enforcement and Marginal Deterrence
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2011
-repeated oligopoly model. Bankruptcy considerations ensure abnormal cartel profits. We derive the optimal fine schedule that achieves …
Persistent link: https://www.econbiz.de/10011256547
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Competitive Prices as Profit-Maximizing Cartel Prices
Houba, Harold; Motchenkova, Evgenia; Wen, Quan - Tinbergen Instituut - 2010
enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently … close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive …
Persistent link: https://www.econbiz.de/10011257337
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Penalizing Cartels: The Case for Basing Penalties on Price Overcharge
Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David - Tinbergen Instituut - 2014
In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a systematic comparison of a penalty based on the cartel overcharge with...
Persistent link: https://www.econbiz.de/10011261929